This property looks like a bad Long-Term investment with a projected -11.97% first-year return on $62,979 initial cash invested.
-11.97%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$1,627
Rent
-$628
Cashflow
Cash Flow
$1,627 income − $2,255 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,627
Total Expenses
$2,255
Mortgage P&I
101%
$1,646
Property Taxes
5%
$81
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0